Dollar holds steadier, equity futures keep lower to start the session
The dollar is steadier after seeing its worst day since April yesterday
The greenback is trading more mixed, gaining against the pound, aussie and loonie while keeping lower against the franc and kiwi though the moves are relatively minor.
Meanwhile, the euro and yen are little changed against the dollar so far on the day. But there are some interesting technical observations as we get the session underway.
![](https://dayfinanceltd.com/wp-content/uploads/2020/11/11-6-2020-3-10-29-pm-1024x387.png)
EUR/USD is keeping a solid bounce above its 100-day MA (red line) this week upon having tested the 1.1600 support level. Price action is now running into a daily trendline resistance @ 1.1838 with the 21 October high @ 1.1881 also offering added resistance.
For buyers, these are the two key levels to breach in order to retest 1.1900 and break away from the consolidative range around 1.1600 and 1.1900 for the most part.
![](https://dayfinanceltd.com/wp-content/uploads/2020/11/11-6-2020-3-12-45-pm-1024x387.png)
As for USD/JPY, we are seeing price break to its lowest level since March as the 104.00 handle gives way. From a technical perspective, there is little in the way stopping the pair from a drop towards 102.00 next from hereon.
However, the break here doesn’t feel as convincing unless Treasury yields also seek a further plunge lower from current levels. Other than that, Japanese officials will surely keep up the verbal intervention so that might keep sellers at bay as well.
![](https://dayfinanceltd.com/wp-content/uploads/2020/11/11-6-2020-3-30-23-pm-1024x430.png)
Elsewhere, equities are keeping on the back foot to start the new day but this is largely seen as a retracement after the solid run of gains so far this week.
S&P 500 futures are down 0.4% while Nasdaq futures are down 0.8% currently.
US stocks have proven to be extremely resilient in light of the election rhetoric, although the latest drive higher could be one more related to relief (something that was a consideration as pointed out earlier in the week here) more than anything else.
Looking past that, investors may have to deal with the realities of the situation or perhaps easy money is just that powerful. But only time will tell as the election fog is slowly lifted ahead of the weekend hopefully.
Source: Technical analysis
Comments (64)
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
Usually I do not read article on blogs, but I wish to say that this write-up
very forced me to check out and do so! Your writing style has
been amazed me. Thank you, quite great article.
I’m not that much of a online reader to be honest but your sites really
nice, keep it up! I’ll go ahead and bookmark your site to
come back down the road. All the best
If some one desires expert view about blogging and site-building after that i propose
him/her to pay a quick visit this web site, Keep up the pleasant work.
What’s up everyone, it’s my first visit at this web site, and post is really fruitful designed for me, keep up posting these types of articles or reviews.
I really like looking through an article that will make people think.
Also, thank you for permitting me to comment!
I was wondering if you ever thought of changing the structure of your
blog? Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so people could connect with it better.
Youve got an awful lot of text for only having one or two images.
Maybe you could space it out better?
My brother suggested I might like this blog. He was once entirely right.
This publish actually made my day. You cann’t imagine simply how so much
time I had spent for this information! Thank you!
I wanted to thank you for this good read!! I definitely enjoyed every bit of it.
I have you bookmarked to look at new things you post…
This is really interesting, You are a very skilled blogger.
I have joined your feed and look forward to seeking more
of your excellent post. Also, I’ve shared your site in my social networks!
Its such as you learn my mind! You appear to know so much about this, such as you
wrote the e book in it or something. I feel that you just can do with a few % to power the message home
a little bit, but other than that, this is great blog. A great read.
I will certainly be back.
If you would like to improve your know-how only keep visiting this
web page and be updated with the newest news posted
here.
It’s appropriate time to make some plans for the longer term and it’s time to be happy.
I have read this submit and if I may I want to recommend you some attention-grabbing things or tips.
Perhaps you can write next articles relating
to this article. I wish to learn even more issues
about it!
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
Very nice post. I just stumbled upon your blog and wished to say that I’ve truly enjoyed browsing your blog posts.
In any case I will be subscribing to your feed and
I hope you write again soon!
whoah this weblog is wonderful i like reading your articles.
Keep up the good work! You realize, a lot of persons are looking around for this info, you could aid them greatly.
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Here you will find 85667 more Info to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Here you can find 12807 additional Information to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Here you can find 27249 more Information to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
Hey I know this is off topic but I was wondering if you
knew of any widgets I could add to my blog that automatically tweet my newest
twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have
some experience with something like this. Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to your new updates.
… [Trackback]
[…] There you can find 48881 more Information to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Here you will find 90881 more Information on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] There you will find 50511 more Information to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] There you will find 76401 additional Information to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
I was able to find good info from your blog articles.
Check out my web-site special
… [Trackback]
[…] There you will find 26936 more Information on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] There you can find 2098 additional Information to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] There you can find 46776 more Info on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/dollar-holds-steadier-equity-futures-keep-lower-to-start-the-session/ […]
I have been browsing online more than 4 hours today,
yet I never found any interesting article like yours.
It’s pretty worth enough for me. In my view, if all site owners and bloggers made good
content as you did, the net will be much more useful than ever before.
Superb post however I was wanting to know if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit more.
But wanna say that this really is quite helpful Thanks for taking your time to write this.
There is definately a lot to find out about this subject. I like all the points you made
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others. Watch bbc persian live
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
Nice post. I learn something totally new and challenging on websites
very informative articles or reviews at this time.
This post post made me think, will write something about this on my blog, ave a nice day!! . dubai racing 1 live
Metal scrapping services Aluminium recycling transportation optimization Aluminium scrap pollution prevention
Metal waste reprocessing facility, Aluminum cable insulation stripping, Industrial metal waste management
Metal reclamation and reclaiming yard Environmental impact of aluminum scrap Scrap aluminum sellers
Environmental metal disposal, Benefits of recycling aluminum cable scrap, Metal reclaiming and recycling center
Metal waste reclamation plant Aluminium anodizing recycling Aluminium scrap stockpiling
Regulatory compliance for metal recycling, Aluminum cable scrap recycling rates, Metal scrap recuperation
Metal salvage Aluminium recycling machinery Aluminium recycling system optimization
Metal waste shearing, Aluminum cable recycling centers, Scrap metal certificates
Metal reclaiming and utilization solutions Aluminium scrap residue management Scrap aluminium business opportunities
Metal reclamation management, Aluminum cable scrap separation techniques, Global metal commodity trade
Metal scrap yard operations Aluminium scrap transformation Aluminum scrap pricing
Metal reclaiming and utilization solutions, Aluminum cable refurbishment, Scrap metal recapturing and recycling
Metal waste sales Metal waste handling Iron scrap reprocessing facility
Ferrous material safety protocols, Iron and steel scrapping and recycling yard, Metal reclaiming and utilization center
Metal retrieval Ferrous material scrap yard operations Iron recovery and reuse
Ferrous metal sorting, Iron scrap reclamation yard, Scrap metal reclaiming and reprocessing
Metal waste resale Ferrous waste reclamation processing Iron recovery yard center services
Ferrous material corporate social responsibility, Scrap iron recovery, Metal waste yard
Scrap metal management solutions Ferrous metal recovery facility Iron recovery and reclamation
Ferrous material industry developments, Iron reprocessing center, Metal waste scrapyard
Scrap metal transport Ferrous material sorting Iron scrap salvage center
Ferrous material recycling licensing, Iron waste disposal facility, Scrap metal refurbishment
Scrap metal recycling methodologies Ferrous material casting Iron repurposing solutions
Manufacturing ferrous metal recycling, Iron waste repurposing center, Scrap metal salvage depot